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Developers Are Increasingly Buying Residents Out to Start Fresh: Edgewater Property Trades for $150M
"While the maintenance requirements and costs of that keep going up, the value of these older units keeps going down steadily as brand-new projects keep going up around them,' said Joe Hernandez. "The economics of trying to continue to maintain an older building becomes very difficult. if not impossible."
Tracking Law Firm Migration to South Florida and a CRE Market 'Going Gangbusters'
Use this page to keep up with the latest news about South Florida migration.
Migration to South Florida Is Behind Strong Leasing Activity in Miami-Dade
"We currently have over 2.7 million square feet of Class A trophy office investments in Miami Dade alone," said Charles Russo, Southeast regional head for office and life sciences of Nuveen Real Estate.
Champlain Towers South Collapse Site to Be Sold Via Live Auction
"We are focused on securing the highest and best possible value to owners, survivors, and families of the Surfside collapse victims," said Michael T. Fay of Avison Young, a commercial real estate agency, in a release.
Miami Developer Buys 2.5-Acre Site Near Coral Gables for $34 Million
With the country short more than four million homes and with surging mortgage rates and home prices, more people are choosing to rent instead of buying.
Miami and Palm Beach Are Enjoying High Office Demand, but It's a Different Story for Broward
Compared to Palm Beach and Miami-Dade rent growth in Broward slowed in Q1, with an average of $37.72.
Economic Expansion Creates Big Demand for South Florida's Office Market
"I anticipate activity will stay strong in South Florida as we continue to see strong population growth in all markets. South Florida will continue to do well in the war for talent," said Greg Martin, principal and managing director of Avison Young's Fort Lauderdale and Boca Raton offices.
Florida Is Dominating the Commercial Real Estate Market
NAR and other industry analysts assess a variety of areas worth paying attention to in 2022.
Work Allocation Could Be the Key to Associate Happiness: The Morning Minute
The news and analysis you need to start your day.
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